中文FrançaisDeutsch日本語Русский языкEspañolعربيEsperanto한국어BIG5
CHINA DEVELOPMENT GATEWAY
SiteMap Feedback
Travel Living in China Archaeology Film Learning Chinese Chinatown Suppliers
Home China International Business Government Education Environment Culture Women Books & Magazines Sports Health Entertainment
Tools: Save | Print | " target="_blank" class="style1">E-mail | Most Read
China to Raise Required Reserves of Financial Institutions
Adjust font size:  ZoomIn ZoomOut

The People's Bank of China, the nation's central bank, said Friday that it will raise the required reserves of financial institutions at the central bank by 0.5 percentage points starting on July 5.

This means that the required reserves for State-run commercial banks and share-holding commercial banks will be increased from current 7.5 percent to 8 percent.

However, the bank said on its website that the current required reserves for rural credit cooperatives (including rural cooperative banks) will remain unchanged.

A bank official told the media that the move aims to further restrain the fast growth in lending this year and maintain a stable financial environment for the sustained and healthy development of the national economy.

The official, who asked to be anonymous, said China's national economy has maintained a steady and fast growth momentum this year, adding, however, some problems, including fast surge in fixed asset investment and lending, as well as climbing trade surplus, still exist.

The central bank said Wednesday the M2, the broad measure of money supply, rose 19.1 percent year-on-year to 31.67 trillion yuan at the end of May, compared with a 2006 target of 16 percent In May.

From January to May this year, China's total lending of Renminbi, the country's currency increased by 1.78 trillion yuan, or 793.9 billion yuan more than the same period of 2005.

The central bank believed that although the consumer price index is still relatively low, the rapid increase in credit would likely stimulate the economy to develop overheatedly and lead to inflation.

It is necessary to step up currency control policy while continuing to stick to an overall stable principle, it said.

It is reported that commercial banks' required reserves at the central bank currently amounted to 2.3 trillion yuan, in addition to 7 trillion yuan worth of floating state treasury bonds, financial bonds and central bank notes.

The hike of the required reserves by 0.5 percentage points can help freeze 150 billion yuan worth of floating money, according to bank sources.

(Xinhua News Agency June 17, 2006)

Tools: Save | Print | " target="_blank" class="style1">E-mail | Most Read

Related Stories
Central Bank Explains Fast Loan Growth
International Investment in China Surges by 138%
PBOC to Curb Loan Growth
Financial Industry Key Focus for Foreign Investors
 
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright ? China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號

主站蜘蛛池模板: 日韩精品欧美国产精品忘忧草| 真实的国产乱xxxx在线| 国产男女爽爽爽爽爽免费视频 | 丝袜美腿中文字幕| 日本高清视频免费观看| 亚洲av无码片vr一区二区三区| 欧美黑人性暴力猛交喷水| 免费黄色a视频| 美女扒开尿口让男人看的视频 | wwwjizzjizz| 成人福利免费视频| 久久99精品久久久久久久野外 | 无码视频一区二区三区| 久久精品国产99国产精品澳门| 欧美11一12周岁a在线观看| 亚洲欧美电影一区二区| 男插女高潮一区二区| 出租屋换租妻小雯21回| 美女隐私免费视频看| 国产一区二区三精品久久久无广告| 黄色一级毛片网站| 国产极品白嫩美女在线观看看| 美女网站色在线观看| 国产色秀视频在线观看| 99久久精品国产一区二区蜜芽| 天天影视综合网色综合国产| 一区二区三区免费在线观看| 性做久久久久久蜜桃花| 中国一级特黄毛片| 手机在线中文字幕| 久久久久成人精品| 日本高清H色视频在线观看| 久久综合九色欧美综合狠狠| 最新eeuss第141页| 乱人伦xxxx国语对白| 极品少妇伦理一区二区| 亚洲人成网站免费播放| 欧美又粗又长又爽做受| 亚洲国产精品美女| 欧美成人精品大片免费流量 | 么公又大又硬又粗又爽视频|